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What Is a Performance Bond?

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In the case of construction-related contracts, a contractor or construction company (known as the “principal”) is required to obtain a performance bond from a surety agency. First, the real estate company solicits bids from contractors for a specific scope of work.

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33 Tax Breaks for Real Estate Business Owners

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If the principal place of business for your real estate company is an office in your home, this write-off can include a representative proportion of your mortgage interest (but not the principal amount), property taxes, rent, and utilities. Rent and Property Fees.